Blake Vanyer
Vice President, Investor Relations
Replay available
Royal Caribbean Cruises Ltd. (NYSE: RCL) Q1 2025 earnings conference call, held 2025-04-29. Replay captured from the company's public earnings webcast.

Vice President, Investor Relations
Chief Executive Officer
Chief Financial Officer
Analyst, J.P. Morgan
Analyst, Mizuho Securities
President and CEO, Royal Caribbean Brand
Analyst, Stifel
Analyst, UBS
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WEBVTT 00:00:00.031 -- 00:00:04.897 and only mode. After the speaker presentation, there will be a question and answer session. 00:00:04.897 -- 00:00:10.004 To ask a question during this session, you'll need to press star 1 on your telephone 00:00:10.004 -- 00:00:15.671 keypad. I would now like to introduce Blake Vanyer, Vice President, Investor Relations. 00:00:15.671 -- 00:00:18.792 Mr. Vanyer, the floor is yours. 00:00:18.895 -- 00:00:22.600 Good morning, everyone, and thank you for joining us today for our first quarter 2025 00:00:22.600 -- 00:00:27.766 earnings call. Joining me here in Miami are Jason Liberty, our 00:00:27.766 -- 00:00:32.767 Chief Executive Officer, Naftali Holtz, our Chief Financial Officer, 00:00:32.767 -- 00:00:37.193 and Michael Bailey, President and CEO of the Royal Caribbean Brand. 00:00:37.193 -- 00:00:41.499 Before we get started, I'd like to note that we will be making forward-looking statements 00:00:41.499 -- 00:00:46.465 during this call. These statements are based on management's current expectations and 00:00:46.465 -- 00:00:51.492 are subject to risks and uncertainties. A number of factors could cause actual results 00:00:51.492 -- 00:00:54.817 to differ materially from our current expectations. 00:00:54.817 -- 00:00:58.884 Please refer to our earnings release issued this morning as well as our filings with 00:00:58.884 -- 00:01:02.087 the SEC for a description of these factors. 00:01:02.087 -- 00:01:07.372 We do not undertake to update any forward-looking statements as circumstances change. 00:01:07.372 -- 00:01:12.417 Also, we will be discussing certain non-GAAP financial measures, which are adjusted 00:01:12.417 -- 00:01:17.802 as defined, and a reconciliation of all non-GAAP items can be found on our investor 00:01:17.802 -- ...